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Author Topic: Bitcoin vs Sats, what's your take  (Read 221 times)
dragonvslinux
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May 06, 2023, 08:38:04 PM
 #21

Bitcoin IQ

This has nothing to do with IQ, it's just basic math. Anyone who have middle education and didn't sleep during math classes should calculate 2 (because the amount is doubled every day) to the power of 30 or 31 (number of days in a month) and get 10.7 or 21.4 BTC correspondingly.

This is what I was thinking, I wouldn't know unless I did the math, but knowing that a number to the power of 30 or 31 creates a very big number, I'm not surprised that 100 sats doubling every day for a month is more than 1 BTC as people have already calculated in this thread. Overall it's a bit of a daft question, as it relies on someone's math ability, as opposed to investment strategy or otherwise.
BVeyron
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May 07, 2023, 08:01:45 PM
 #22


https://twitter.com/TheBTCTherapist/status/1650832691070218243?t=pvZyZsvb3UpMpA9E5PrFLA&s=19

It's a little bit more interesting on weekends like this to create time in having fun while still discussing about bitcoin, some don't know how to quantify the quantity with rate between 1btc and 100sats and so on, this is all about understanding the conversion rate of bitcoin to sats.

Bitcoin IQ

If you're left with the two options, what will you decide on and why from the image above, 1btc or 100sats doubled each day for a month.

229 is a couple times more than 1 BTC (about 5,37 BTC). But the real what's better depends on what's gonna happen with cryptocurrency values and fiat values throughout this month, since there is a chance to have only a couple of Sats when the course falls heavily... And the toughest obstacle with this scheme is that nobody's gonna offer it Sad

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Wapfika
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May 07, 2023, 08:16:51 PM
 #23

229 is a couple times more than 1 BTC (about 5,37 BTC). But the real what's better depends on what's gonna happen with cryptocurrency values and fiat values throughout this month, since there is a chance to have only a couple of Sats when the course falls heavily... And the toughest obstacle with this scheme is that nobody's gonna offer it Sad

Even Bitcoin dump 50% within a month, You will still get more profit in terms of fiat because your final value when you choose 100sats1sat is x5 greater than 1BTC. Taking profit while you have a guaranteed profit for a month is waste of opportunity.

I think this test reflects how crypto traders reacts in the adversity of decision making in a pumping market. We can have more profit if we hold Bitcoin yet we are always tempted to take profit on the current price because it’s already a hard cash.

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serjent05
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May 07, 2023, 09:29:19 PM
 #24

229 is a couple times more than 1 BTC (about 5,37 BTC). But the real what's better depends on what's gonna happen with cryptocurrency values and fiat values throughout this month, since there is a chance to have only a couple of Sats when the course falls heavily...

I do not think that the valuation of BTC is in effect here.  1 BTC will always be 1 BTC regardless of its price.  So decisions can't be influenced by the current market for obvious reason.  Besides people will rather do the math than think of the future price of BTC.  Even when the value of BTC crashes to 50%, the 1 sat doubled per day can still give more value in fiat.

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And the toughest obstacle with this scheme is that nobody's gonna offer it Sad

I think this is just a test of wit and math power, so we don't need to be serious about the possibility of this stuff to happen.

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